Foreclosure is circumscribed as a set-up in which a owner is unqualified to put together primary and/or interest payments on his or her mortgage, so the lender, most ofttimes a bank, can seize and deal in the goods as circumscribed in the vocabulary of the security interest treaty. When a proceedings takes pop the financial institution up to my neck in the route will poverty to market the goods as briskly as possible, commonly MUCH to a lower place open market worth.
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